No interest will be paid if the FCNR Deposit is prematurely withdrawn before 1 year.

No Penalty will be levied on premature closure of FCNR Fixed Deposit.

The interest rate applicable for premature closure of deposits (all amounts) will be lower of:

The base rate for the original/contracted tenor for which the deposit has been booked OR

The base rate applicable for the tenor for which the deposit has been in force with the Bank.

Partial or premature withdrawals will not be permitted for FCNR deposits booked/renewed for a tenor of 3 years and above during September 25, 2013 till November 28, 2013

The interest is calculated on a half yearly basis. Interest for re-investment deposit is calculated every six months and the Principal is increased to include interest earned during the previous six months.

Deposit will be booked upon availability of clear funds with the bank and applicable interest rate will be given as on the date of receipt of the funds by the bank.

The above rates are applicable for fresh and renewal fixed deposits and are subject to change from time to time. Kindly check the rates before booking the FCNR Fixed Deposit.

The FCNR Deposit booking request through Netbanking will be processed within 2 working days except Saturday, Sunday, Indian public holidays, International currency holidays. The actual interest rate and forex rate being applied will be the one which is prevailing at the time of processing the deposit and not at the time of receiving the request.